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Darren

CPF Savings

15 Things You Didn’t Know About Your CPF SA

CPF SA Guide 1

Last updated on October 21st, 2021

Welcome to this cozy corner of the internet, where you can pick up little nuggets of financial knowledge to improve your personal wealth.

Although I am sure we have all heard of the CPF Special Account (SA), we do not usually pay much attention to it as there are limited ways to use our savings there.

To save you the trouble of having to navigate through the CPF website, here are 15 answers to questions that you may have about your SA. Sit tight and enjoy!

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CPF Savings

CPF SA OR SRS – Which Should You Top Up?

CPF SA vs SRS

Last updated on September 20th, 2021

Welcome to this cozy corner of the internet, where you can pick up little nuggets of financial knowledge to improve your personal wealth.

After working for a number of years, you have accumulated some savings which you intend to set aside for your retirement goals. However, you are unsure on whether to save them in your CPF Special Account (SA), or grow them through investments in your Supplementary Retirement Scheme (SRS) account.

This article will help you to make a more informed choice by first making a comparison between the two schemes, followed by some suggestions on how to save for your retirement using both your SA and SRS.

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CPF Invest SRS

Investing In CPFIS vs SRS – What’s The Difference?

CPFIS vs SRS

Last updated on September 16th, 2021

You have just started to set aside some savings to invest towards your retirement goals.

However, you are still undecided on how much to allocate to the CPF Investment Scheme (CPFIS) or the Supplementary Retirement Scheme (SRS).

This article will guide you through your dilemma by first making a comparison between the two schemes, followed by some suggestions on how to best save for your retirement using both CPFIS and SRS.

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Invest SRS

How To Further Optimise Your SRS Account

Optimise SRS

Last updated on August 9th, 2021

You have decided to open an SRS account in order to invest your excess savings and supplement your post retirement payout.

At the same time, you may also be wondering how to take advantage of the tax relief incentive while not over contributing and risk paying a penalty for an early withdrawal due to inadequate savings.

This article will allay your uncertainties by helping you understand your SRS account and give bite-sized tips on how to save effectively with SRS.

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Brokers Invest

How To Convert Currency On Saxo In Singapore

Convert Currency Saxo Singapore

Last updated on August 27th, 2021

After creating an account in SAXO, you may find yourself with the issue of having to convert between different currency types.

This article will help you to navigate the main questions and give useful tips on:

  1. Creating a SAXO sub account for a different currency
  2. Converting between currencies in SAXO

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Credit Cards Spending

The Ultimate Guide To Redeeming Citi SMRT$

How To Redeem CITI SMRT

Last updated on July 18th, 2021

You may have spent a fair amount on your Citi SMRT Credit Card, and you now want to redeem the SMRT$ that you have accumulated.

However, the process may be slightly complicated if you’ve just started using the card.

Here’s what you need to know about redeeming your SMRT$.

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ETFs Invest

ARKK vs QQQ – What’s The Difference?

ARKK vs QQQ 5

Last updated on July 27th, 2021

You may have heard of the rise of tech companies within the US and you want to invest in an ETF to capitalise on their growth. However, you are still undecided between the new kid in the block, the ARK Innovation ETF (ARKK) or the stalwart Invesco QQQ ETF (QQQ).

What are the key differences between these 2 ETFs and which one may be more suitable for you? Let’s find out!

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